[GNC] Accounting Help - Credit Card transfer

Chris Ledbetter cledbetter11 at icloud.com
Thu May 18 17:38:05 EDT 2023


Hi,
Currently using GnuCash 4.14.  I have Credit Card A with an opening balance (transfer Equity:Opening Balances) and subsequent transactions.  I set up Credit Card B.  I transfer the majority of the balance to Credit Card B but still keep Credit Card A.  How do I set up Credit Card B transactions?  In Credit Card A is move the balance as a transaction (transfer Liabilities:Credit Card:Credit Card B) and in Credit Card B the initial transaction is (transfer Liabilities:Credit Card:Credit Card A).  Is this the correct way to transfer?  Should Credit Card B have on Equity:Opening Balance?

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